Dow Surges Over 1000 Points as Trump Softens Stance; TSMC ADR Jumps 7%
US President Donald Trump recently shifted his stance regarding Federal Reserve Chairman Jerome Powell and trade policies with China. On Wednesday, the 23rd, major US stock indices opened higher across the board, with the Dow Jones Industrial Average soaring over 1000 points, while the tech-focused Nasdaq index also jumped over 600 points. TSMC's ADR surged by more than 7%.
On the 22nd, Trump publicly stated he had 'no intention' of firing Powell and revealed that the tariffs on China would not remain at the high level of 145%. This statement triggered a positive reaction in the global financial markets.
